Red Rock Resorts delivered robust growth in Q2 2025, driven by strength in Las Vegas operations and a catch-up from Native American development fees. Adjusted EBITDA rose 13.7% and net income surged over 55% year-over-year.
Red Rock Resorts announced strong first-quarter 2025 results, with net revenues increasing by 1.8% to $497.9 million and net income rising by 9.7% to $86.0 million. Adjusted EBITDA also saw a 2.8% increase, reaching $215.1 million, primarily due to solid performance in Las Vegas operations.
Red Rock Resorts reported a strong Q4 2024 with a 7.1% increase in net revenues to $495.7 million. However, net income declined by 19.5% to $87.7 million. Adjusted EBITDA remained stable at $202.4 million, reflecting a slight increase of 0.5%. The company saw continued growth in its Las Vegas operations, which contributed $492.6 million in revenue, a 7.2% increase.
Red Rock Resorts reported a 13.7% increase in net revenues to $468.0 million for the third quarter of 2024. However, net income decreased by 19.0% to $55.4 million. Adjusted EBITDA increased by 4.3% to $182.7 million.
Red Rock Resorts announced its Q2 2024 financial results, with net revenues increasing by 16.9% to $486.4 million and Adjusted EBITDA rising by 15.0% to $201.7 million. However, net income decreased by 6.8% to $69.8 million compared to the same period in 2023. The company's Las Vegas operations also saw revenue growth of 17.1% with adjusted EBITDA increasing 15.6%.
Red Rock Resorts announced its Q1 2024 financial results, with net revenues reaching $488.9 million, a 12.7% increase year-over-year. Net income decreased to $78.4 million, while Adjusted EBITDA rose to $209.1 million.
Red Rock Resorts reported an increase in net revenues and Adjusted EBITDA for the fourth quarter of 2023. Net revenues increased by 8.8% to $462.7 million, and Adjusted EBITDA increased by 3.6% to $201.3 million. However, net income decreased by 36.0% to $108.9 million.
Red Rock Resorts reported a decrease in net revenues, net income, and Adjusted EBITDA for the third quarter of 2023 compared to the same period in 2022. Net revenues decreased by 0.7% to $411.6 million, net income decreased by 28.3% to $68.4 million, and Adjusted EBITDA decreased by 3.7% to $175.2 million.
Red Rock Resorts reported a decrease in net revenues to $416.1 million, a rise in net income to $74.9 million, and a decrease in Adjusted EBITDA to $175.3 million for the second quarter of 2023.
Red Rock Resorts announced its Q1 2023 financial results, revealing an 8.0% increase in net revenues to $433.6 million and an 8.6% increase in Adjusted EBITDA to $194.2 million compared to the same period in 2022. However, net income decreased by 7.3% to $85.5 million.
Red Rock Resorts reported a slight increase in revenue for the fourth quarter of 2022, but net income and Las Vegas operations' revenue decreased compared to the same period in 2021. Adjusted EBITDA increased, and the company declared a cash dividend for the first quarter of 2023.
Red Rock Resorts reported net revenues of $414.4 million, effectively flat compared to the same period in 2021. Net income decreased to $95.5 million, and Adjusted EBITDA was $181.9 million, a slight decrease of 1.4% year-over-year. The company's cash and cash equivalents were $101.1 million.
Red Rock Resorts reported a decrease in net revenues, net income, and adjusted EBITDA for the second quarter of 2022 compared to the same period in 2021. Net revenues decreased by 1% to $422.2 million, net income decreased significantly to $32.4 million, and adjusted EBITDA decreased by 10% to $188.9 million.
Red Rock Resorts reported a strong first quarter in 2022, with net revenues increasing by 14% to $401.6 million and net income reaching $92.2 million, a significant improvement from the net loss in the same period of 2021. Adjusted EBITDA also increased by 14% to $178.7 million.
Red Rock Resorts reported a net revenue of $422.4 million and a net income of $200.1 million for Q4 2021. Adjusted EBITDA was $189.7 million, reflecting a 26% increase from the same period in 2020. The company continued to operate several of its properties, while Texas Station, Fiesta Rancho, and Fiesta Henderson remained closed, and the sale of the Palms Casino Resort was completed.
Red Rock Resorts announced its Q3 2021 financial results, with net revenues of $414.8 million, a 17% increase from Q3 2020. Net income rose to $117.9 million, a 64% increase compared to the same period last year. Adjusted EBITDA was $184.5 million, up 15% from Q3 2020. The company's Las Vegas operations saw a 29% increase in net revenues, reaching $412.7 million.
Red Rock Resorts announced strong second-quarter results, with net revenues reaching $428.2 million and net income at $143.4 million. Adjusted EBITDA was $210.2 million. The results were significantly improved compared to the same period in 2020, which was heavily impacted by property closures due to the COVID-19 pandemic.
Red Rock Resorts' first quarter results showed a decrease in net revenues compared to both 2020 and 2019, primarily due to the ongoing impacts of the COVID-19 pandemic. However, the company's Adjusted EBITDA increased significantly compared to 2020 and slightly compared to 2019. The company also announced an agreement to sell the Palms Casino Resort for $650 million.
Red Rock Resorts reported a decrease in net revenues for Q4 2020, primarily due to the ongoing impacts of the COVID-19 pandemic. However, the company saw an increase in net income and Adjusted EBITDA compared to Q4 2019. The company continued its phased reopening program during the quarter.
Red Rock Resorts reported a decrease in net revenues but an increase in net income and adjusted EBITDA for the third quarter of 2020. The company continued its phased reopening program during the quarter, operating several of its properties.
Red Rock Resorts reported a challenging second quarter due to the COVID-19 pandemic, which led to the temporary closure of all its properties. Net revenues decreased by 77.5% to $108.5 million, and the company reported a net loss of $118.4 million. Adjusted EBITDA was negative $17.3 million.
Red Rock Resorts reported a decrease in net revenues and a net loss for the first quarter of 2020 due to the temporary closure of all properties. Net revenues decreased by 15.6% to $377.4 million, and the company reported a net loss of $177.8 million, impacted by a noncash charge related to tax assets. Adjusted EBITDA was $74.3 million, a decrease of 48.8% from the same period in 2019.
Red Rock Resorts reported a 6.8% increase in net revenues and a 1.8% increase in Adjusted EBITDA for Q4 2019. Net income decreased by 48.1% due to one-time charges. Las Vegas operations were the primary driver of revenue growth.